Development fees increase for 2013
Investors putting in development applications (DAs) will see themselves charged more this year, according to recent announcements.
While the Northern Territory’s fees "will remain among the lowest" nationwide, increases have been seen as of yesterday, said minister for lands, planning and the environment, Peter Chandler.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
The fees, associated with processing DAs and planning scheme amendments, or rezoning, increased as of January 1.
This leaves those making an application for a development under $100,000 slugged $190, rather than $152. Those within the $100,000 to $250,000 bracket will pay $571, from $457 last year.
Planning certificate applications will now cost $113, rather than $84, Mr Chandler explained, while “an alteration permit application has increased from $131 to $177 and a certificate of compliance application will be $180, up from $133.”
For those looking to put in a DA for more than $250,000, but under $1 million, the fee will be $828. Previously, this was $662.
For large-scale ($10 million to $25 million) the fee will be $7,612, or $2,362 more than the previous cost.
“If you compare the basic fees for a $450,000 development in Newcastle, Lake Macquarie or Canberra, the fees are $1,833, $1,628, and $1,777 respectively,” he said upon announcing the new fees.
“In comparison for the same development the fee in the Territory will be only $828.”